Bank of Canada Releases 2027 Schedule: Rate Hold Expected to Persist Before Gradual Increases

• by Shimanta Das
• July 28, 2026

The Bank of Canada has published its schedule for policy interest rate announcements and major publications for 2027, while also reconfirming the remaining announcement dates for the rest of 2026. This release is particularly significant as the benchmark overnight rate remains at 2.25% for six consecutive decisions, marking a prolonged hold environment that has become a focal point for economists and mortgage professionals alike.

For the remainder of 2026, the Bank reconfirmed that the three remaining decisions will occur on September 2, October 28, and December 9. Looking ahead to 2027, the full schedule of announcement dates will be available on the Bank’s website. Claire Fan, senior economist at RBC Economics, maintains that policy rates will likely remain steady through the remainder of 2026 before modest rate increases begin in 2027. This outlook underscores the importance of the 2027 calendar release for professionals navigating a prolonged hold environment.

The Bank of Canada strives to maintain price stability and foster economic growth by overseeing monetary policy and financial systems. It manages currency operations, including digital payments, while regulating retail payment systems. Governor Tiff Macklem, who has served since June 3, 2020, continues to lead the institution through a period of high inflation and economic uncertainty. The Bank confirmed it will maintain its inflation target as it finalizes its renewed monetary policy framework, with public consultations highlighting ongoing concerns about the cost of living and housing affordability.

For mortgage brokers and financial professionals, staying ahead of each announcement date is crucial. As the Canadian mortgage renewal wave continues to move through the system, brokers who are well-positioned to guide clients through fixed-versus-variable decisions at critical junctures will be in high demand. The 2027 schedule release provides a roadmap for planning and strategy, ensuring that stakeholders can prepare for potential rate adjustments and their impact on borrowing costs and the broader economy.